Multiple Choice
The term apparent authority is used when there is: ______.
A) no interaction between the principal and third persons.
B) actual authority.
C) only the appearance of authority and that appearance of authority was created by the principal.
D) only the appearance of authority and that appearance of authority was created by the agent.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: The principal has a duty to perform
Q5: A person has apparent authority as an
Q6: It is the duty of an agent
Q7: Ames, an agent for Baker Antiques, had
Q8: The scope of an agent's authority is
Q10: The intention to ratify an unauthorized act
Q11: An agency may arise by appointment, conduct,
Q12: Ann was seriously ill and feared that
Q13: If a principal terminates an agency without
Q14: A contractor's work can be so controlled